SuperCom (NASDAQ:SPCB) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of SuperCom (NASDAQ:SPCB – Get Rating) in a research note issued on Tuesday. The firm set a “sell” rating on the industrial products company’s stock.

SuperCom Stock Performance

Shares of SPCB stock opened at $1.14 on Tuesday. The business’s fifty day simple moving average is $1.23 and its 200-day simple moving average is $1.71. The company has a market cap of $4.80 million, a PE ratio of -0.80 and a beta of 0.48. The company has a current ratio of 5.02, a quick ratio of 4.37 and a debt-to-equity ratio of 10.41. SuperCom has a 12-month low of $1.01 and a 12-month high of $4.60.

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SuperCom (NASDAQ:SPCB – Get Rating) last released its earnings results on Thursday, April 20th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter. SuperCom had a negative return on equity of 30.61% and a negative net margin of 31.24%. The firm had revenue of $5.12 million for the quarter.

Hedge Funds Weigh In On SuperCom

Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC increased its position in shares of SuperCom by 126.2% in the 1st quarter. Virtu Financial LLC now owns 90,927 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 50,735 shares during the period. UBS Group AG acquired a new position in shares of SuperCom in the 1st quarter valued at $37,000. Finally, Armistice Capital LLC acquired a new position in shares of SuperCom in the 1st quarter valued at $673,000. 22.12% of the stock is owned by institutional investors and hedge funds.

SuperCom Company Profile

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SuperCom Ltd. engages in the provision of traditional and digital identity solutions. It offers identification, tracking, and security products to government, private and public organization. It operates through the following divisions: e-Gov, Internet of Things (IoT), and Cyber Security. The e-Gov division provides solutions for traditional and biometrics enrollment, personalization, issuance and border control services.

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